EA_LUCRE

PLATFORM & SOFTWARE TYPE
🖥️ PLATFORM: MT4 • SOFTWARE TYPE: EA
EA_LUCRE optimizes grid-based trading on MT4, dynamically managing positions with adaptable lot sizing.

🚀 INTRODUCTION
EA_LUCRE is an Expert Advisor for MetaTrader 4 designed to automate grid trading strategies. It focuses on systematic trade placement and management, allowing for dynamic adjustments to position sizing and comprehensive Take Profit control across multiple open orders.

📈 HOW IT WORKS
EA_LUCRE initiates trades based on short-term price movements derived from the closing prices of recent candles. If the last candle closed higher than the candle two bars prior, it opens a Buy order; if lower, it opens a Sell. This initial directional bias is then followed by a grid-style approach: if the market moves against an open position by a specified distance, the EA places a new order in the opposing direction, effectively building a grid.

The EA offers three lot sizing modes: a fixed lot size, a multiplier-based increase for each new grid level (Martingale-style), or a recovery mode that increases lot size after a losing trade history. All open trades within the grid are managed with a combined Take Profit level, calculated from the average open price of all active positions. A Stop Loss can also be applied to the combined position. This systematic approach aims to manage market fluctuations by adding positions at predefined intervals, averaging the entry price for the entire grid.

🎯 BEST FOR
Traders who employ grid-based strategies and seek automated management of multiple positions. It suits users who prefer dynamic lot sizing in response to market movements or prior trade outcomes and require consolidated Take Profit and Stop Loss management for a basket of orders.

💱 RECOMMENDED PAIRS & TIMEFRAMES
EA_LUCRE does not hardcode specific symbols or timeframes, allowing for flexibility. Grid strategies are generally sensitive to market volatility and spread, making stable, liquid pairs ideal. The chosen timeframe should align with the 'Distance' parameter to suit prevailing market conditions. Extensive backtesting is advised to identify optimal settings for individual pairs and timeframes.

⚙️ SETTINGS AND PARAMETERS
* TradeAgain: If TRUE, the EA will continue trading; if FALSE, it will stop after completing its current cycle.
* Loop: Sets the maximum number of trade cycles the EA will execute.
* StartTrade / EndTrade: Defines the daily trading window in hours (0-23).
* DbLots: Selects the lot sizing method (0 = Fixed, 1 = Multiplier per level, 2 = Multiplier after loss).
* Lots: The base or initial lot size for trades.
* SL: Stop Loss distance in pips for the entire grid (set to 0 for no Stop Loss).
* TP: Take Profit distance in pips for the entire grid.
* Distance: The price distance in pips between grid orders.
* Multiplier: The factor by which lot size increases in multiplier modes.
* MaxLevel: The maximum number of grid levels the EA will open.
* MagicNumber: A unique identifier for the EA's trades.

🧠 USAGE TIPS
* Thoroughly test settings in a demo environment to understand how `Distance`, `Multiplier`, and `MaxLevel` interact with market conditions.
* Monitor your account margin, especially when using multiplier-based lot sizing, as this can increase exposure significantly.
* Adjust the `StartTrade` and `EndTrade` hours to align with periods of suitable market activity or to avoid high-impact news events.
* Consider the volatility of the chosen trading instrument when setting the `Distance` parameter to prevent excessive order placement or missed opportunities.

⚙️ SETTINGS (most-used)
• Fixed lot size — Fixed lot size when Money Management is off. (default: 0.01)
• EA Name — Controls the “EA_Name” parameter (string). (default: EA LUCRE)
• Use Hour — Controls the “Use_Hour” parameter (string). (default: Start End Hour)
• StartTrade — Controls the “StartTrade” parameter (int). (default: 0)
• EndTrade — Controls the “EndTrade” parameter (int). (default: 23)
• Use DbLots — Fixed lot size when Money Management is off. (default: If = 1-> Multiplier Lot, If = 2-> Fixed Lot)
• DbLots — Fixed lot size when Money Management is off. (default: 1)
• SL — Protective stop distance (usually in points/pips). (default: 0.0)
• TP — Take profit distance (usually in points/pips). (default: 4.0)
• Distance — Controls the “Distance” parameter (double). (default: 3.0)
• Multiplier — Controls the “Multiplier” parameter (double). (default: 1.6)
• MaxLevel — Controls the “MaxLevel” parameter (int). (default: 20)

🔧 ADVANCED CONTROLS (optional)
• LotsDecimal (default: 2.0)
• MagicNumber (default: 163991)
• Gi 324 (default: Yellow)
• Gi 328 (default: Red)
• Gi 332 (default: Lime)

💽 HOW TO INSTALL (MT4)
• Download: (.ex4)
• MetaTrader → File → Open Data Folder
• MQL4 → Experts → paste file → restart MT4
• Navigator (Ctrl+N): drag onto chart
• Enable: Allow live trading + DLL imports
• Click AutoTrading (►)

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📞 CONTACT & SUPPORT
🔹 Website : https://doveforexmarkets.com
🔹 Telegram: https://t.me/forexchats
🔹 Email : info@doveforexmarkets.com
🔹 WhatsApp: wa.me/260960556804

⚠️ DISCLAIMER
Trading involves risk. Past performance does not guarantee future results.